Robinhood Gold boosted APY | Robinhood

Robinhood Gold boosted APY

Who's eligible for the boosted APY?

Only direct recipients of the original promotional offer from Robinhood are eligible for this limited-time offer. The offer is not available to the general public. This offer is only available in non-retirement, individual and joint investing accounts at Robinhood. Only qualified Robinhood customers who aren’t currently signed up for Robinhood Gold are eligible to participate in the offer.

How do I qualify?

In order to earn the 0.5% boosted APY for 60 days, you must sign up for Robinhood Gold ($5 monthly subscription) between October 8, 2024 at 12 AM PT and October 31, 2024 at 11:59 PM PT and maintain Robinhood Gold through the entire 60-day boost period. You must also be enrolled in the brokerage cash sweep program to realize the benefits of this offer. Any uninvested cash in your account will then earn a 0.5% boost on top of the standard Gold APY rate for 60 days after you sign up.

What will happen after 60 days?

After 60 days with the boosted rate, you’ll continue to get our standard Gold APY rate, which is 4.5% as of Sept 19, 2024.

The 60 days of boosted rate may not be consecutive, and the boost could be temporarily paused due to market conditions. If your boosted rate is paused, you’ll temporarily receive the standard Gold APY rate until the boost resumes, and then you’ll resume receiving the boosted rate until you’ve received the boosted rate for a total of 60 days. You’ll then begin receiving the standard Gold APY rate.

Taxes

The funds you receive through this offer will be reported as interest income in your 1099-INT form. Because of IRS minimum earnings requirements, you may not receive a 1099-INT form if your interest payments received during the calendar year are less than $10.

As with all tax forms, you’ll be able to download a consolidated 1099 form (which includes the 1099-INT) starting in mid-February for the previous tax year. If you have questions about your specific tax situation, consult a tax professional.

Terms and conditions

Robinhood Financial LLC (Robinhood) boosted APY offer (“Offer”) is subject to these terms and conditions.

Eligibility: The Offer is valid only for customers who (1) directly receive an email or in-app communication about the Offer (2) sign up for Robinhood Gold between October 8, 2024 at 12 AM PT and October 31, 2024 at 11:59 PM PT, and (3) are enrolled in the Cash Sweep Program. This Offer is not available to the general public. Robinhood may decline requests to enroll in the Offer at its discretion.

Offer: Customers who meet the eligibility criteria of this Offer and sign up for Robinhood Gold will receive a 0.5% boost on top of the standard Gold APY rate for 60 days after they successfully sign up for Gold. After 60 days, the APY rate will revert back to the standard Gold APY rate, which as of Sept 19, 2024 is 4.5% APY. The standard Gold APY rate is subject to change at any time without notice. Note that the 60 days of boosted rate may not be consecutive, and the boost could be temporarily paused due to market conditions. If your boosted rate is paused, you will temporarily receive the standard Gold APY rate until the boost resumes, and then you will resume receiving the boosted rate until you have received the boosted rate for a total of 60 days. You will then begin receiving the standard Gold APY rate.

Maintenance of Gold: Customers who meet the terms of this Offer must maintain Robinhood Gold through the 60 day boost period. Customers who unsubscribe from Robinhood Gold during the 60 day boost period will lose the boost and revert back to a non-gold APY rate.

Limitations: This Offer may be delayed, declined, or rescinded in Robinhood’s sole discretion if, for example, Robinhood determines that there may be circumstances indicating fraud or a violation of these Terms. Robinhood reserves the right to change or restrict the Offer terms, or terminate the Offer, at any time without notice. This Offer is valid even if other Robinhood offers have already been accepted. The Offer is not transferable, saleable, or valid in conjunction with certain other Offers, and is available to US residents only. Other restrictions may apply. Participation in this promotion does not constitute a solicitation of a security or a recommendation to buy, sell, or hold any given security. Robinhood does not provide investment advice and does not hereby recommend any security or transaction. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business.

Taxes: Consult with your tax advisor about the appropriate tax treatment for this Offer and any tax implications associated with receipt of a cash reward before enrolling. For taxable accounts, the value of all Robinhood offers received may be reported as "Interest Income" on a Form 1099-INT where required by applicable rules and regulations. Robinhood does not take responsibility for any tax related to this cash reward.

Securities trading offered through Robinhood Financial LLC (member SIPC), a registered broker-dealer, and a subsidiary of Robinhood Markets, Inc. Robinhood Gold is a subscription-based membership program of premium services offered through Robinhood Gold, LLC.

Was this article helpful?
Reference No. 3921404
Still have questions? Contact Robinhood Support

All Investing involves risk.

Brokerage services are offered through Robinhood Financial LLC, (“RHF”) a registered broker dealer (member SIPC), and clearing services through Robinhood Securities, LLC, (“RHS”) a registered broker dealer (member SIPC).

Cryptocurrency services are offered through an account with Robinhood Crypto, LLC (“RHC”) (NMLS ID: 1702840).Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Please review a list of RHC's licenses for more information. Cryptocurrency held through Robinhood Crypto is not FDIC insured or SIPC protected.

The Robinhood spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Please review a list of our licenses for more information.

The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard® International Incorporated. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

Robinhood Gold Card is subject to credit approval and underwriting. Robinhood Gold Card is offered by Robinhood Credit, Inc., and is issued by Coastal Community Bank, pursuant to a license from Visa U.S.A. Inc. Robinhood Credit, Inc. (“RCT”), is a financial technology company, not a bank.

Robinhood Gold is a subscription-based membership program of premium services offered through Robinhood Gold, LLC (“RHG”).

RHF, RHY, RHC, RCT, RHG, and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC, RCT, RHG, and RHS are not banks. Investing products offered by RHF are not FDIC insured and involve risk, including possible loss of principal.

RHY is not a member of FINRA, and products are not subject to SIPC protection, but funds held in the Robinhood spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).

Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

The risk of loss in trading futures can be substantial. Carefully consider if it’s appropriate for you in light of your financial circumstances. Please read the Futures Risk Disclosure Statement prior to trading futures products. Futures accounts are not protected by the Securities Investor Protection Corporation (SIPC) and are not Federal Deposit Insurance Corporation (FDIC) insured. Prior to trading virtual currency Futures products, please review the NFA Investor Advisory & CFTC Advisory providing more information on these potentially significant risks. Futures trading and options on futures trading are offered by Robinhood Derivatives, LLC (“RHD”), a registered futures commission merchant with the Commodity Futures Trading Commission (CFTC) and Member of National Futures Association (NFA) (NFA ID 0424278).

RO 3924940

Robinhood, 85 Willow Road, Menlo Park, CA 94025.© 2024 Robinhood. All rights reserved.
Follow us on

All Investing involves risk.

Brokerage services are offered through Robinhood Financial LLC, (“RHF”) a registered broker dealer (member SIPC), and clearing services through Robinhood Securities, LLC, (“RHS”) a registered broker dealer (member SIPC).

Cryptocurrency services are offered through an account with Robinhood Crypto, LLC (“RHC”) (NMLS ID: 1702840).Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Please review a list of RHC's licenses for more information. Cryptocurrency held through Robinhood Crypto is not FDIC insured or SIPC protected.

The Robinhood spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Please review a list of our licenses for more information.

The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard® International Incorporated. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

Robinhood Gold Card is subject to credit approval and underwriting. Robinhood Gold Card is offered by Robinhood Credit, Inc., and is issued by Coastal Community Bank, pursuant to a license from Visa U.S.A. Inc. Robinhood Credit, Inc. (“RCT”), is a financial technology company, not a bank.

Robinhood Gold is a subscription-based membership program of premium services offered through Robinhood Gold, LLC (“RHG”).

RHF, RHY, RHC, RCT, RHG, and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC, RCT, RHG, and RHS are not banks. Investing products offered by RHF are not FDIC insured and involve risk, including possible loss of principal.

RHY is not a member of FINRA, and products are not subject to SIPC protection, but funds held in the Robinhood spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).

Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

The risk of loss in trading futures can be substantial. Carefully consider if it’s appropriate for you in light of your financial circumstances. Please read the Futures Risk Disclosure Statement prior to trading futures products. Futures accounts are not protected by the Securities Investor Protection Corporation (SIPC) and are not Federal Deposit Insurance Corporation (FDIC) insured. Prior to trading virtual currency Futures products, please review the NFA Investor Advisory & CFTC Advisory providing more information on these potentially significant risks. Futures trading and options on futures trading are offered by Robinhood Derivatives, LLC (“RHD”), a registered futures commission merchant with the Commodity Futures Trading Commission (CFTC) and Member of National Futures Association (NFA) (NFA ID 0424278).

RO 3924940

Robinhood, 85 Willow Road, Menlo Park, CA 94025.© 2024 Robinhood. All rights reserved.